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this country moves closer to the fiscal cliff watch out the fiscal cliff is fast approaching the fiscal cliff looming the fiscal cliff it's looming scorched earth partisan politics could push america over of this cool cliff. all right we get it now even ben bernanke the fed with all of his tools the fed can't compensate for this fiasco. is a fiscal cliff is an address as i as i've said i don't think our tools are strong enough to offset the effects of major fiscal shock. so we have to think about what to do in that in that contingency. well we just hope that dr bernanke keeps thinking because we think he and his cohorts have done enough with their tools already so if they won't try to offset the impact then that's fantastic in our view but what exactly is entailed in the fiscal cliff anyway well here is a very simple definition except expiration of the bush era tax cuts as well as numerous other temporary tax cuts credits and deductions and acted by obama and this is coupled with major cuts in spending now this will hit in january of two thousand and thirteen and according to some it co
this country moves closer to the fiscal cliff watch out the fiscal cliff is fast approaching the fiscal cliff looming the fiscal cliff it's looming scorched earth partisan politics could push america over of this cool cliff. all right we get it now even ben bernanke the fed with all of his tools the fed can't compensate for this fiasco. is a fiscal cliff is an address as i as i've said i don't think our tools are strong enough to offset the effects of major fiscal shock. so we have to think...
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Nov 27, 2012
11/12
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CNBC
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who's right on the fiscal cliff right now? >> well, i think that -- >> steven gilfoil. >> the consumer isn't paying that much attention to this. the regular american doesn't watch the financial news. he isn't reading the kinds of papers we read. and he's less concerned with this. >> should they be? >> they probably should be, but investors are more concerned with corporate news, with macroeconomic news. the senator made a statement today. you would expect some kind of posturing this week. we're still 30 days out or so. they don't really have to cut a deal yet. they have to look like they're fighting for what they want to fight for, yet please the constituents. they're probably going to put that off for a couple weeks. >> it's the other way around. washington should be paying attention to the consumer and realize how much is the stake here. when you look at the consumer confidence levels able to hold up. when you look at the retail sales numbers pensimentioned by and the idea we've stabilized when it comes to capital spending,
who's right on the fiscal cliff right now? >> well, i think that -- >> steven gilfoil. >> the consumer isn't paying that much attention to this. the regular american doesn't watch the financial news. he isn't reading the kinds of papers we read. and he's less concerned with this. >> should they be? >> they probably should be, but investors are more concerned with corporate news, with macroeconomic news. the senator made a statement today. you would expect some kind...
WHUT (Howard University Television)
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Dec 9, 2012
12/12
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WHUT
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. >> it has probably not escaped your attention that the mantra "fiscal cliff, fiscal cliff, fiscal cliff" is played out every night on the evening news and the corporate news. what does that say to you? that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan and didn't pay for it, i didn't hear from any people in the media complaining about that. what it tells me is that behind the corporate drive for deficit reduction is a significant effort to try to cut social security, medicare, and medicaid and other programs that working families need, not so much because of deficit reduction, because this has been the agenda of republicans and right wingers for a very long time. >> so how do you see this fiscal debate playing out in the next couple of weeks? >> we have, those of us who say that deficit reduction is a serious issue, i believe it is. but believe very strongly that at a time when we have the
. >> it has probably not escaped your attention that the mantra "fiscal cliff, fiscal cliff, fiscal cliff" is played out every night on the evening news and the corporate news. what does that say to you? that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan...
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Dec 27, 2012
12/12
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FBC
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fiscal cliff or no fiscal cliff. ♪ ♪ [ male announcer ] this is karen anjeremiah. they don'know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about mon. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. david: the president's back at the white house and the senate met today for the first time since going on the holiday break. but seems like the political train is still heading for a cliff. shibani: taking all of us with it. so where are we flow? -- so where are we now, just days away from tax hikes. fox business's rich edson is live from the capitol. where are we rich? any closer or exactly where we were about 12 hours ago? rich: we're about 12 hours closer to the fiscal cliff as far as negot
fiscal cliff or no fiscal cliff. ♪ ♪ [ male announcer ] this is karen anjeremiah. they don'know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about mon. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things,...
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Dec 30, 2012
12/12
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CNNW
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. >> to avoid the fiscal cliff -- >> if we go over the fiscal cliff -- >> try to avert the fiscal cliff. >> the clock ticks down to the so-called fiscal cliff. >> closer than ever going over the fiscal cliff. >> the fiscal cliff negotiations are going no where. >> president obama may not have gotten a fiscal cliff deal, but keeping up the media pressure this sunday morning with an interview op"meet the press." we'll take a look. >>> from the david petraeus scandal to the trayvon martin tragedy. the media's performance in 2012, we'll have a report card. i'm howard kurtz and this is "reliable sources." >>> it was a striking moment when david gregory brandished that high ammunition magazine last sunday so much so we played it on this program. but that braumpted a d.c. police whether he violated the city's gun laws, one controversy that they fuind under assault. and eric who blogs about the media for "washington post." simple question, eric, should david gregory be prosecuted? >> well, i think he should be investigated. i'll leave that up to the prosecutors. but i definitely do believe unli
. >> to avoid the fiscal cliff -- >> if we go over the fiscal cliff -- >> try to avert the fiscal cliff. >> the clock ticks down to the so-called fiscal cliff. >> closer than ever going over the fiscal cliff. >> the fiscal cliff negotiations are going no where. >> president obama may not have gotten a fiscal cliff deal, but keeping up the media pressure this sunday morning with an interview op"meet the press." we'll take a look. >>>...
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Dec 12, 2012
12/12
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CNBC
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the world ending or the fiscal cliff? >> about the same i think. >> one could bring about the other. >> i think it's no accident they're both approaching. that's how i'm going to read the tea leaves. as you see, a mixed picture this morning. people mostly waiting on the fed decision later today. the major boards green, the ftse adding .25%. the same for the xetera dax and idex. we saw the news of monti's resignation on monday. they've recovered from then. wanted to show the ibex 35, up .3% in spain. there was an italian debt auction that went over well. that's helping sentiment. the owner of zara, one of the strongest retailers in europe, out with sales. you see that their shares are down. even though their nine-month sales figure was up 17% year on year, they said so far in the fourth quarter that figure was slowing to something in the range of 15%. so still a strong set of figures from inbitex. if you're concerned about the consumer, but not as strong as we have seen in the past. that's what's happening in spain. i want
the world ending or the fiscal cliff? >> about the same i think. >> one could bring about the other. >> i think it's no accident they're both approaching. that's how i'm going to read the tea leaves. as you see, a mixed picture this morning. people mostly waiting on the fed decision later today. the major boards green, the ftse adding .25%. the same for the xetera dax and idex. we saw the news of monti's resignation on monday. they've recovered from then. wanted to show the...
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Dec 17, 2012
12/12
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WUSA
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fiscal cliff. the fiscal cliff soap box. come on through. how you doing? all right, people, step up. the fiscal cliff soap box. we'll give you this beautiful 9news travel mug if you talk to us. here we go. step right up. do you worry about your taxes going ?up. >> i'm not wealthy so no. >> reporter: if we go off the cliff, taxes will go up on everybody. >> everybody? >> reporter: everybody. tell the politicians what you think of them. >> my name is lou weinstein and i write novels. no one wants to hold up a tax cut for most people in this country so the richest people can avoid paying their fair share. it's absurd. happy to pay the additional taxes if he agrees not to spend any more than he already has. >> reporter: come on. give me a break. >> of course the rich will have to pay more. they could certainly suck it up. >> i don't know what that means. >> one party can't add and the other party are too much wooses. >> reporter: the fiscal cliff? >> there's money problems. >> please don't film me. >> republicans can't add and the democrats are woosies. i'm no
fiscal cliff. the fiscal cliff soap box. come on through. how you doing? all right, people, step up. the fiscal cliff soap box. we'll give you this beautiful 9news travel mug if you talk to us. here we go. step right up. do you worry about your taxes going ?up. >> i'm not wealthy so no. >> reporter: if we go off the cliff, taxes will go up on everybody. >> everybody? >> reporter: everybody. tell the politicians what you think of them. >> my name is lou weinstein...
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Dec 1, 2012
12/12
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FOXNEWSW
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you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problem we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip o'neil. when he was faced with ronald reagan in 1981, he knew he couldn't beat him in head-to-head negotiating but thought he could preserve the democratic party and welfare state in a long battle of attrition. o'neil who had a ran senate, republican president, used the power of house over and over again to slow the momentum. i think republicans got to understand they are not going to get any good deal from barack obama. he has contempt for them. he shows that on a regular basis. he's a hard-line left winger. they've got to think through the american people have chosen him he's going to be our presi
you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problem we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip...
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Nov 19, 2012
11/12
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CNBC
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part of the reason they're doing it is because fiscal cliff or no fiscal cliff, taxes are going up next year. >> even since you didn't ask, i say yes also, it is a big problem. >>> let's move on to the twinkie. our yahoo! finance question of the day -- what went wrong at hostess? look at the results. corporate management gets the blame. union problems, 3 out of 5 say that was the problem there with the twinkies. the american anti-fat kick. 9%. they make an outdated product, 12%. what went wrong? >> what happened is that the demand for the product went way down but they couldn't make the kind of concessions on costs meaning labor costs that they needed to. when the demand for your product is falling, you need to cut back. the labor unions weren't flexible to let them really do it. what we ended up with was a morass. if the unions had been more flexible, we could still buy twinkie gate. >> someone donated an autographed painting by salvador dali. instead of selling it on the floor. goodwill is auction is it off. bid something up over $18,000. >> i love anything with a melted clock and lot
part of the reason they're doing it is because fiscal cliff or no fiscal cliff, taxes are going up next year. >> even since you didn't ask, i say yes also, it is a big problem. >>> let's move on to the twinkie. our yahoo! finance question of the day -- what went wrong at hostess? look at the results. corporate management gets the blame. union problems, 3 out of 5 say that was the problem there with the twinkies. the american anti-fat kick. 9%. they make an outdated product, 12%....
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Nov 7, 2012
11/12
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MSNBCW
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fiscal cliff and call it a day. you know, that might get us out of town but not out of the problem and it will also hurt our economy. we can't keep goi9fng on like that and setting the bar that low. it's time that we raise the bar. you know the american people this week didn't give us a mandate to simply do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. we best thing to do would be. that would be an agreement that ses the signal to the economy and to the world afterhe mayor fiscal challenge that is we face 2013 is going
fiscal cliff and call it a day. you know, that might get us out of town but not out of the problem and it will also hurt our economy. we can't keep goi9fng on like that and setting the bar that low. it's time that we raise the bar. you know the american people this week didn't give us a mandate to simply do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. we best thing to do would be. that would be an agreement that ses the...
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Nov 27, 2012
11/12
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you have to do things now to get ready for the fiscal cliff. >> the fiscal cliff is coming. you are very well advised to take the lump sum today. even before you do that it is important that you think about your security. for my wealthy families i manage a family office so that would include our lottery winner. we practice a stealth strategy. lifestyle, transitioning and humanity which is charity. all of those things are important. the first thing you should do if you win tomorrow is to not tell anyone. you don't want people to know. >> i have pondered this question. a lot of states require that you show up. it is very difficult to stay secret because they want a lot of publicity. what happens is if you are poor and you have a lot of friends and family who are poor they come to you for money. >> you can have a day or two before you show it. the first thing i advise people to do is contact a very reptutable security firm. they are going to make sure that you are relocated to a safe place. if you are not a celebrity already. >> you said security firm i thought you meant securi
you have to do things now to get ready for the fiscal cliff. >> the fiscal cliff is coming. you are very well advised to take the lump sum today. even before you do that it is important that you think about your security. for my wealthy families i manage a family office so that would include our lottery winner. we practice a stealth strategy. lifestyle, transitioning and humanity which is charity. all of those things are important. the first thing you should do if you win tomorrow is to...
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Sep 16, 2012
09/12
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FBC
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>> i'm like the fiscal cliff's only supporter. the government has to stop, and balance the budget and the closest we are going to come to doing that with the current government that we have. we need to cut stuff and not that big, a few percent to medicare and i don't think one over 10% and they need. defense is not holy we need to cut that and we need tax increases because they're not going to cut enough. the payroll tax expires, that stinks. it's not a cliff, it's a speed bump and running the deficit next year anyway. >> brenda: jonas is it the not going to get elected to anything, but that's all right. he's talking some truth here, todd. the truth is that politicians, do they have the will to do this and maybe we should be be so scared of the debt and the deficit that we just fall over the cliff? >> listen, representative from maryland, chris van holland said in june if they didn't have the deal done before summer recess it wouldn't get done and clearly it's not. they're going to election recess and then the lame duck after the
>> i'm like the fiscal cliff's only supporter. the government has to stop, and balance the budget and the closest we are going to come to doing that with the current government that we have. we need to cut stuff and not that big, a few percent to medicare and i don't think one over 10% and they need. defense is not holy we need to cut that and we need tax increases because they're not going to cut enough. the payroll tax expires, that stinks. it's not a cliff, it's a speed bump and...
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Nov 8, 2012
11/12
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KTVU
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. >> reporter: do you know what the fiscal cliff is? >> the fiscal cliff? no. i haven't heard of that. >> i haven't a clue what a fiscal cliff is. >> never heard of that term. >> reporter: you will and soon. >> enormous changes that are scheduled to happen around new year's day. >> the president and congress passed a law. absent a deal, tax increases for everyone. massive budget cuts and a reduction of the federal budget. >> large cuts in defense spending. large cuts in non-defense spending. what that means is the government will buy fewer things. hundreds of billions of dollars less. >> reporter: government will have less to spend. higher taxes means individuals and businesses will have less money. >> it will be noticeable and painful. >> reporter: huge layoffs possible, the u.s. economy could stall or -- >> you could see a recession. >> reporter: now that we know -- >> i hope not. >> it is us who have to pressure those people representing us. >> they should be more in tune with what americans need. >> sit down and come to an agreement. >> reporter: with congr
. >> reporter: do you know what the fiscal cliff is? >> the fiscal cliff? no. i haven't heard of that. >> i haven't a clue what a fiscal cliff is. >> never heard of that term. >> reporter: you will and soon. >> enormous changes that are scheduled to happen around new year's day. >> the president and congress passed a law. absent a deal, tax increases for everyone. massive budget cuts and a reduction of the federal budget. >> large cuts in defense...
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Dec 31, 2012
12/12
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WJLA
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only 13 hours before the nation plunges over the fiscal cliff. >> while the fiscal cliff is in limbo, the dairy cliff has been averted. there is some good news. allen joins us from bloomberg headquarters in new york. >> hello. that is what we are all watching. stock futures are pointing to a little change here at the open. of course, one of the concerns of the cliff has to do with milk prices. you may have heard that they were set to rise to $6 or $8. one thing lawmakers are trying to do is to avoid us going over the dairy cliff. the senate agriculture committee chairs, with a draft bill that would extend the farm bill. tim vilsack -- tom vilsack yesterday warned that without a new farm bill, consumers would pay the price. let's talk about colleges. they are under pressure to be more affordable. "the wall street journal" says 24 have frozen tuition. that includes roger williams and others. you have cut tuition including seton hall university. -- you have cut tuition, including seton hall university. apple may be working on at the iwatch. i have more coming up on that in the next hour.
only 13 hours before the nation plunges over the fiscal cliff. >> while the fiscal cliff is in limbo, the dairy cliff has been averted. there is some good news. allen joins us from bloomberg headquarters in new york. >> hello. that is what we are all watching. stock futures are pointing to a little change here at the open. of course, one of the concerns of the cliff has to do with milk prices. you may have heard that they were set to rise to $6 or $8. one thing lawmakers are trying...
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Nov 20, 2012
11/12
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CNBC
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cliff, the largest fiscal cliff, which according to cbo and to our own analysis, would throw the economy into recession, i don't think the fed has the tools to offset that. and that's why it is important for congress to address these fiscal issues soon and in a bipartisan way, in a way that achieves the necessary long-term sustainability concerns, which i know you have talked about frequently, but also takes into account exactly this issue of how much restraint we will be experiencing in the next six months to a year from fiscal changes. >> [ inaudible ] >> you talked about the uncertainty of businesses because of all of the things that you also mentioned and that's impacting decisions on investment, et cetera. how much growth is being lost because of that do you anticipate? >> well, it's neither here nor there, but when i was a graduate student at -- 30 years ago, i wrote my dissertation on the question of how uncertainty affects investment spending. and i concluded that it's not a good thing. [ laughter ] and they gave me a ph.d. for that. [ laughter ] so it seems pretty clear. one of
cliff, the largest fiscal cliff, which according to cbo and to our own analysis, would throw the economy into recession, i don't think the fed has the tools to offset that. and that's why it is important for congress to address these fiscal issues soon and in a bipartisan way, in a way that achieves the necessary long-term sustainability concerns, which i know you have talked about frequently, but also takes into account exactly this issue of how much restraint we will be experiencing in the...
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Dec 1, 2012
12/12
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cliff. >> fiscal cliff. >> we could go off this fiscal cliff. >> we are facing a fiscal grand canyon. >> reporter: it's a big deal, question is, can these guys strike a deal? >> i have to repeat, i have a pen. >> reporter: meantime, damage control for u.n. ambassador susan rice, how to smooth things over this week with republicans after those benghazi talking points. >> extremist elements came to the consulate as this was unfolding. >> reporter: the didn't work, now, their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> reporter: democrats shot back. >> they're not only blaming her for this intelligence report, they're trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house, i could write a bock. >> or make an internet video that's actor angus t. jones caught slamming his own tv show. >> if you watch "two and a half men" please stop watching "two and a half men." i'm on it and don't want to be on it. >> reporter: he apologized but may still get his wish. now, to just two men. these two men. in
cliff. >> fiscal cliff. >> we could go off this fiscal cliff. >> we are facing a fiscal grand canyon. >> reporter: it's a big deal, question is, can these guys strike a deal? >> i have to repeat, i have a pen. >> reporter: meantime, damage control for u.n. ambassador susan rice, how to smooth things over this week with republicans after those benghazi talking points. >> extremist elements came to the consulate as this was unfolding. >> reporter:...
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Nov 14, 2012
11/12
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this is why it's the fiscal cliff. they have to put a law in place so that this doesn't happen. >> the most important thing right now, maria, this is a time for leadership. leaders don't set ultimatums. leaders bring together different parties who may have their own ultimatums and find compromise. that's what we're all counting on from the white house. we're counting on that leadership to step forward, make a difference, bring the parties together, and find a compromise. >> all right. you running charles schwab with tens of thousands of investors, as a you just said. you've got to operate your business regardless of what's going on around you. talk to us how you're doing that. are you sitting on the sidelines in terms of pufting money to work, in terms of hiring? what are you going to do knowing you have no idea where your tax rates will be? you have no idea wlosht those spending programs are going to be taken away as well. that will create layoffs. >> yes. well, i think in our business we're been fortunate in that we'
this is why it's the fiscal cliff. they have to put a law in place so that this doesn't happen. >> the most important thing right now, maria, this is a time for leadership. leaders don't set ultimatums. leaders bring together different parties who may have their own ultimatums and find compromise. that's what we're all counting on from the white house. we're counting on that leadership to step forward, make a difference, bring the parties together, and find a compromise. >> all...
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Nov 21, 2012
11/12
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KRCB
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, where the economy goes off the broad fiscal cliff, the largest fiscal cliff, which, according the c.b.o. and our analys, would send the u.s. economy into recession, i don't think the fed has the tools to offset that. >> susie: members of the audience agreed. >> he was very frank in saying, you know, "we can try," he essentially said, "we will try, but we don't have anything in our arsenal that comes close." >> susie: bernanke is already using the weapons in his arsenal to fix the job market, which he said today is still "unhealthy". he also repeated the fed's plan to keep interest rates super low at least into 2015. >> we will want to be sure that the recovery is established before we begin to normalize policy. we hope that such assurances will reduce uncertainty and increase confidence among households and businesses. >> susie: but bernanke gave no hints on when americans can expect to see higher rates. >> the further we go down the road, the question is going to turn to how is the fed going to reverse policy, and what the chairman said today is that decision is a long way off. >> susi
, where the economy goes off the broad fiscal cliff, the largest fiscal cliff, which, according the c.b.o. and our analys, would send the u.s. economy into recession, i don't think the fed has the tools to offset that. >> susie: members of the audience agreed. >> he was very frank in saying, you know, "we can try," he essentially said, "we will try, but we don't have anything in our arsenal that comes close." >> susie: bernanke is already using the weapons...
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Dec 14, 2012
12/12
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KGO
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the fiscal cliff? >> it could make a difference in life. i mean, it all depends on how you look at it. >> and what exactly is the fiscal cliff? >> i'm not sure exactly what that is. but, i mean, if you really think about it, i guess it could cause something, if you, like, researched it or whatever. >> are you worried about the fiscal cliff? >> yeah, kind of. >> what exactly is the fiscal cliff? >> it's a raise in taxes and -- yeah. now i'm going to look like a fool. i don't know. [ laughter ] uh-huh. i don't know. >> are you worried about the fiscal cliff? requi >> i guess, yeah. >> what is it? >> something to do financially. yeah. that's all that i can tell you. >> why are you worried? >> because you have a worried look on your face. >> it's not good. i know that. so yeah. >> do you know what it is? >> no, i really don't. you go off the cliff. >> are you worried about the fiscal cliff? >> no. >> what is it? >> well, the fiscal cliff i know is mr. huxtable. that's the only one i know. >> well, yeah. yo
the fiscal cliff? >> it could make a difference in life. i mean, it all depends on how you look at it. >> and what exactly is the fiscal cliff? >> i'm not sure exactly what that is. but, i mean, if you really think about it, i guess it could cause something, if you, like, researched it or whatever. >> are you worried about the fiscal cliff? >> yeah, kind of. >> what exactly is the fiscal cliff? >> it's a raise in taxes and -- yeah. now i'm going to look...
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Aug 11, 2012
08/12
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FOXNEWS
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>> i think the fiscal cliff dominates in the minds of business people. i don't think there's any question with that. in washington it created a tremendous amount of alarm, concern, uncertainty all of these things apply. when you ask voters the number one concern in every poll is job creation. when it comes to job creation you have exactly what is paul ryan's description. wa paul ryan as budget chair has been busy with cutting spending busy trying to address the problem with the debt the deficit. as such that is a concern for americans but it tends to be a long-term concern. the immediate concern is jobs and making sure that this economy gets going again. when you talk about even some of his prescriptions people will say we know he wants the cut. where is he willing to close loopholes? where is he willing to take away deductions? that has always been the criticism of the ryan budget. you can image you are going to hear a lot of that in the days to come. it's the democratic ad makers are already drumming up those ads. grandma falling off the cliff is going
>> i think the fiscal cliff dominates in the minds of business people. i don't think there's any question with that. in washington it created a tremendous amount of alarm, concern, uncertainty all of these things apply. when you ask voters the number one concern in every poll is job creation. when it comes to job creation you have exactly what is paul ryan's description. wa paul ryan as budget chair has been busy with cutting spending busy trying to address the problem with the debt the...
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Sep 22, 2012
09/12
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CNN
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falls over the fiscal cliff. that fiscal cliff is a combination of tax increases and budget cuts that will hit at the beginning of next year unless of course congress does its job and fixes it. some of the cuts to education programs would hurt at-risk students. pell grants are safe at least for next year, but most other financial aid programs face a 8.8% cut. other programs would be cut as well, that means less money to support smaller class rooms, after school programs. programs that support research would also be scaled back. the rest of the world is moving forward. u.s. college graduate rates are among the highest in the world, but the organization for economic development said the world is catching up quickly and may surpass the u.s. the u.s. ranked 22nd out of 27 countries, and just 27% of students in the u.s. with parents who didn't graduate from high school will go on to attend college. that's worse than any other country except new zealand and canada. we're cover lg of the issues important to you this wee
falls over the fiscal cliff. that fiscal cliff is a combination of tax increases and budget cuts that will hit at the beginning of next year unless of course congress does its job and fixes it. some of the cuts to education programs would hurt at-risk students. pell grants are safe at least for next year, but most other financial aid programs face a 8.8% cut. other programs would be cut as well, that means less money to support smaller class rooms, after school programs. programs that support...
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Dec 20, 2012
12/12
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KRCB
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economy falls off this cliff, ripple effects are expected. >> reporter: the term fiscal cliff has been making headlines recently. if democrats and republicans cannot come to an agreement on resolving the fiscal cliff by year end sudden tax increases and drastic budget cuts will take effect and will slow the u.s. economy. let's look into the two main components of the fiscal cliff. first, taxes. democrats want to let tax cuts for the wealthy to expire but republicans are generally opposed to the plan. divials uld be hit with huge tax hikes if lawmakers cannot find common ground. the second component of the fiscal cliff is large federal spending cuts. the cuts will take effect if the two parties fail to strike a dial. republicans are against that happening. the u.s. congressional belt owth by e fourth quarter of 2013. the unemployment rate is expected to rise above 9% if the economy dampens. analysts are focusing on whether u.s. leaders can avoid a fcal cliff and keep the recovery on track. >> time to get a check on stocks. the nikkei average is down due days of gain.ing after three curr
economy falls off this cliff, ripple effects are expected. >> reporter: the term fiscal cliff has been making headlines recently. if democrats and republicans cannot come to an agreement on resolving the fiscal cliff by year end sudden tax increases and drastic budget cuts will take effect and will slow the u.s. economy. let's look into the two main components of the fiscal cliff. first, taxes. democrats want to let tax cuts for the wealthy to expire but republicans are generally opposed...
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215
Dec 6, 2012
12/12
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CNBC
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fiscal cliff and all of the other stuff. great story on the front page of wall street journal today talking about portfolio pumping. another example of investors thinking they're not getting a fair shake out of the stock market. >> larry, you call that complacency, don't you? >> that's right. i'm actually shocked that these investors appear to be asleep at the switch in light of the fiscal fiasco looming in less than a month. you would think investors saying their concerns would be running for the hills or at least buying portfolio protection to protect themselves against potential disaster. we see the vix very low. they're not taking the type of defensive, decisive action. if we get a downgrade and if this happens, it will be terrible for the market. that's what's potentially on the market, if we don't make a deal in washington. >> scott, let me ask you again how you want to allocate capital then in that environment. i know george young is with us again, joining the conversation. i want to ask you the same question. go ahea
fiscal cliff and all of the other stuff. great story on the front page of wall street journal today talking about portfolio pumping. another example of investors thinking they're not getting a fair shake out of the stock market. >> larry, you call that complacency, don't you? >> that's right. i'm actually shocked that these investors appear to be asleep at the switch in light of the fiscal fiasco looming in less than a month. you would think investors saying their concerns would be...
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223
Aug 8, 2012
08/12
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FOXNEWSW
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and how do you distinguish it from the fiscal cliff. >> the fiscal cliff, if they don't do anything, taxes will go up and spending will be cut and businesses are hunkering down. but we looked at it and we said, is that their main concern? or are they more concerned about the prospect of a second ork bottomma term? if you look at what he has promised to do in the second term, there is good reason for businesses to worry. for example, he said, i am going to raise taxes. he says, it's only on the rich. but he's admitted that he is going to raise taxes on small businesses. he says it will impact 2% of small businesses. that sounds like not very many. but when you figure that's 900,000 small businesses to see a tax increase. he also wants to raise capital gains taxes and dividend tax significantly. this will affect investments. so businesses are looking at that. they are thinking, this is not going to be good for us. he has also promised to continue to advance the regulatory machinery that has been turbocharged under his administration. and the first three years, he has put in place, regu
and how do you distinguish it from the fiscal cliff. >> the fiscal cliff, if they don't do anything, taxes will go up and spending will be cut and businesses are hunkering down. but we looked at it and we said, is that their main concern? or are they more concerned about the prospect of a second ork bottomma term? if you look at what he has promised to do in the second term, there is good reason for businesses to worry. for example, he said, i am going to raise taxes. he says, it's only...
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Nov 8, 2012
11/12
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CNBC
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it's the fiscal cliff over here. all those economies put together don't matter. >> no, joe, it's actually the fiscal of cliff over here, too. you'd be amazed how many times it's the first thing on everyone's lips. yesterday was one of the first times i've heard people both here and once the u.s. trading session got under way asking what is it in europe spurring the selloff because they couldn't make sense of it. so whether it was what draghi said yesterday about the weakening of the german economy or the vote in athens which is did pass, we saw the worst selling pressure in the u.s. did come from the european trading session. by the way, we did see after asian stocks follow the u.s. session, a bit of brightening of attitudes in europe. this is sort of where we started and then we paired the gains. risk went off for a time being on reports that spain may not request aid before the end of the year. spain was able to raise more funds than needed at auction and it is you now funded through the end of the year. so bizarre
it's the fiscal cliff over here. all those economies put together don't matter. >> no, joe, it's actually the fiscal of cliff over here, too. you'd be amazed how many times it's the first thing on everyone's lips. yesterday was one of the first times i've heard people both here and once the u.s. trading session got under way asking what is it in europe spurring the selloff because they couldn't make sense of it. so whether it was what draghi said yesterday about the weakening of the...
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93
Dec 12, 2012
12/12
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CSPAN
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the fiscal cliff is more than -- is not about the fiscal cliff at all. this fiscal cliff is about other things. there are a number of things that need be addressed. this discussion really is not about the fiscal cliff, per cent. congress and the president can come together quickly and pass a bill that would put off the fiscal cliff, he there for some large amount of time or even indefinitely. it really is about making a down payment on closing deficits in the future. i would say it is also really about the president's campaign not this -- not just this past election but his first election to hike taxes on the successful. we have to see some real leadership on the longer-term budget unsustainable issues. what we do not need is negotiating in the political theater. when we see that stop, that we know we will be serious about whether we will resolve the fiscal class -- cliff and have some large down payment. when it comes to republicans and conservatives, there are three things to bearer in mind. one is the house republicans they were elected to cut spendin
the fiscal cliff is more than -- is not about the fiscal cliff at all. this fiscal cliff is about other things. there are a number of things that need be addressed. this discussion really is not about the fiscal cliff, per cent. congress and the president can come together quickly and pass a bill that would put off the fiscal cliff, he there for some large amount of time or even indefinitely. it really is about making a down payment on closing deficits in the future. i would say it is also...